A consortium of international private investors has acquired the 206-room Luxury Collection Hotel Bristol in Warsaw. The sale was conducted by Jones Lang LaSalle Hotels & Hospitality.
A consortium of international private investors has acquired the 206-room Luxury Collection Hotel Bristol in Warsaw. The sale was conducted by Jones Lang LaSalle Hotels & Hospitality.
The financial details of the transaction were not disclosed. The buyers have existing luxury hotel interests.
Christoph Härle, CEO Continental Europe at Jones Lang LaSalle Hotels & Hospitality Group, said: 'This deal underlines the strong investor appetite we are currently seeing for hotels in Central and Eastern Europe. We are confident that the transaction markets will continue to develop positively in the coming years in Poland, one of the most vibrant economies in Europe.'
The Hotel Bristol is a trophy asset prominently located adjacent to Warsaw’s Presidential Palace and a few minutes away from the legendary Old Town and the main tourist and business districts of Warsaw. The property, operated by Starwood Hotels and Resorts, underwent a €13 mln refurbishment and was rebranded to Luxury Collection in 2013.
Click on the hyperlink below for more hotel news on www.propertyeu.info
In addition, the December edition of PropertyEU Magazine includes a feature on the European hotel investment market.
